Reply #16: Mortgage deductions do NOTHING to affect home affordability. [View All]

[progressivebydesign]

Just like the stupid ideas that health care can be paid for thru tax deductions, a mortgage deduction each year is usually eaten up by taxes on your wages... it has no bearing on day to day, month to month, affordability.

Why do people care so much about what other people pay for their houses? I honestly think it's jealousy.

Before people start looking to hurt the middle class (hint: the ones that can swing vote for us), why not look at where the tax weaknesses really are (hint: offshore tax shelters for the corporations).

Our party gets NOWHERE with the type of thinking that penalizes anyone living above minimum wage. Perhaps no one has realized that in many, many, areas a house over 300K is a starter home for most families. This will not reduce the housing prices, it will basically put more people into the streets.